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american people know this economy is not strong. most americans believe this country is going in the wrong direction. those polls are undeniable. let's hope we can turn this around. gerri: thanks to you both for coming on, really appreciate your time. i think there is something the n the unemployment report for everybody. thank you. when we come back as many families worry about putting their lives back togher, one thing you will likely not have to deal with. and whomever gets reelected or elected on tuesday will have a lot on his plate. look at the first 100 days in what they might hold coming up next. gerri: 100 days, whether you're leading the boardroom or a nation, the timeframe is critical to success or failure of a new job. a look at your first 100 days in new executive job powerful first step from the path to greatness. thank you for coming in. this is such a great conversation. not as look forward to the presidential election but also for executives who might be starting a new job. why are those 101st days so important? >> i
american people know this economy is not strong. most americans believe this country is going in the wrong direction. those polls are undeniable. let's hope we can turn this around. gerri: thanks to you both for coming on, really appreciate your time. i think there is something the n the unemployment report for everybody. thank you. when we come back as many families worry about putting their lives back togher, one thing you will likely not have to deal with. and whomever gets reelected or...
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american people know this economy is not strong. most americans believe this country is going in the wrong direction. those polls are undeniable. let's hope we can turn this around. gerri: thanks to you both for coming on, really appreciate your time. i think there is something the n the unemployment report for everybody. thank you. when we come back as many families worry about putting their lives back together, one thing you will likely not have to deal with. and whomever gets reelected or elected on tuesday will have a lot on his plate. look at the first 100 days in what they might hold coming up next. the capital one cash rewards card gives you a 50% annual bonus. and everyone likes 50% more [ russian accent ] rubles. eh, eheh, eh, eh. [ brooklyn accent ] 50% more simoleons. [ western accent ] 50% more sawbucks. ♪ [ maine accent ] 50% more clams. it's a lobster, either way. [ male annncer ] the capital one cash rewards card. with a 50% annual cash bonus, it's the card for people who like more cash. [ italian accent ] 50% more
american people know this economy is not strong. most americans believe this country is going in the wrong direction. those polls are undeniable. let's hope we can turn this around. gerri: thanks to you both for coming on, really appreciate your time. i think there is something the n the unemployment report for everybody. thank you. when we come back as many families worry about putting their lives back together, one thing you will likely not have to deal with. and whomever gets reelected or...
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american people know this economy is not strong. most americans believe this country is going in the wrong direction. those polls are undeniable. let's hope we can turn this around. gerri: thanks to you both for coming on, really appreciate your time. i think there is something the n the unemployment report for everybody. thank you. when we come back as many families worry about putting their lives back together, one thing you will likely not have to deal with. and whomever gets reelected or elected on tuesday will have a lot on his plate. look at the first 100 days in what they might hold coming up next. ally bank. why they're always there to talk. i love you, james. don't you love me? i'm a bot. i know. i know you're a robot! but the's more in you than just circuits and wires! uhhh. (cries) a machine can't give you what a person can. that's why allyas knowledgeable people there for you, night and day. ally bank. your money needs an ally. 0t[h7 i'i invest in what i know.r. i turned 65 last week. i'm getting married. planning a lif
american people know this economy is not strong. most americans believe this country is going in the wrong direction. those polls are undeniable. let's hope we can turn this around. gerri: thanks to you both for coming on, really appreciate your time. i think there is something the n the unemployment report for everybody. thank you. when we come back as many families worry about putting their lives back together, one thing you will likely not have to deal with. and whomever gets reelected or...
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Nov 2, 2012
11/12
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and our economy itself, and no wonder larry is worried. what do you make of this, coming days before the election and the markets and others are looking at this in the northeast and saying, well, i don't know, it is not looking like we thought. >>guest: though was the last key piece of economic data ahead of the election and it is not good. what the public will talk about in addition to the uptick in unemployment which is not if for the incumbent at pizza parlors, they will talk about the gas line. what is damaging to consumer confidence is being in a gas line. i have relatives in the area and i know what they are going through and it zaps confidence and will hurt retail and discretionary spending. we see companies seeing this and they are worried. it will affect consumer confidence. companies have been preparing themselves for what they see looming and one thing they see looming is the fiscal cliff, the uncertainty related to the economy. as a result, we have seen certainly layoffs that are planned, that have picked up. we see companies a
and our economy itself, and no wonder larry is worried. what do you make of this, coming days before the election and the markets and others are looking at this in the northeast and saying, well, i don't know, it is not looking like we thought. >>guest: though was the last key piece of economic data ahead of the election and it is not good. what the public will talk about in addition to the uptick in unemployment which is not if for the incumbent at pizza parlors, they will talk about the...
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american people know this economy is not strong. most americans believe this country is going in the wrong direction. those polls are undeniable. let's hope we can turn this around. gerri: thanks to you both for coming on, really appreciate your time. i think there is something the n the unemployment report for everybody. thank you. when we come back as many families worry about putting their lives back together, one thing you will likely not have to deal with. and whomever gets reelected or elected on tuesday will have a lot on his plate. look at the first 100 days in what they might hold coming up next. these fellas used capital one venture miles for a golf getaway. double miles you can actually use... but mr. single miles can't join his friends because he's getting hit with blackouts. shame on you. now he's stuck in a miniature nightmare. oh, thank you. but, with e capital one venture card... you can fly any airline, any flight, any time. double miles you can actually use. what's in your wallet? alec jr? it was a gift. gerri:00 d
american people know this economy is not strong. most americans believe this country is going in the wrong direction. those polls are undeniable. let's hope we can turn this around. gerri: thanks to you both for coming on, really appreciate your time. i think there is something the n the unemployment report for everybody. thank you. when we come back as many families worry about putting their lives back together, one thing you will likely not have to deal with. and whomever gets reelected or...
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what do you think of this economy's latest jobs report? the president saying it is a great, promising sign that things are getting better. mitt romney in ohio tonight saying, no, it isn't. it is the best that we could do. you know, another thing coming. what do you say? >> well, first thing is i think it is a sign the steady progress. we are going in the right direction. not as fast as any of us would like, but it is steady progress. i think it is also really impoant to look at the global context. this is not a local recession or a great recession that we just 70 u.s. in fact, we are performing better than any other large industrialized country in the world. neil: as well we should. we are the big gun, but we have to export and have customers. >> europe is fading into a recession. many of the policies that are taking them there are some of the same policies that paul ryan in particular seems to want to put in place. neil: but you could seriously argue the reason why they are in the economical they are is because they build this cradle to g
what do you think of this economy's latest jobs report? the president saying it is a great, promising sign that things are getting better. mitt romney in ohio tonight saying, no, it isn't. it is the best that we could do. you know, another thing coming. what do you say? >> well, first thing is i think it is a sign the steady progress. we are going in the right direction. not as fast as any of us would like, but it is steady progress. i think it is also really impoant to look at the global...
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>> my gut is, the economy in gas and oil, is improving, because of fracking. and, automotive, because of the obsolescence, we have strength and housing is coming off the bottom now and no question, the three segment are moving, capital spending is nowhere. the economy is running along at a 1.5% gdp rate and you might get two every now and then and look what happened in the third quarter. 62% of american companies missed their revenue forecasts. that doesn't bode well and challenger, came out, layoff announcements are up 41%. >> neil: what is the dichotomy between average folks, a consumer confidence survey out, very high and bosses, guys like you, very do your. my feel it when my boss is depressed and i wonder, why should i be happy. >> the industrial economy, right now, let's talk about this election, and, going forward. as i see it, and, 2013-2014. we have four, if you will question marks, and the first two, the fiscal cliff, everybody talks about. you know, the debt, the taxes, how we'll get revenues, versus costs and the second one, the regulatory wall, no
>> my gut is, the economy in gas and oil, is improving, because of fracking. and, automotive, because of the obsolescence, we have strength and housing is coming off the bottom now and no question, the three segment are moving, capital spending is nowhere. the economy is running along at a 1.5% gdp rate and you might get two every now and then and look what happened in the third quarter. 62% of american companies missed their revenue forecasts. that doesn't bode well and challenger, came...
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Nov 3, 2012
11/12
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applying basic economie economies-- economics we could do a lot better. >> brown: austan goolsbee, dow want to comment on what the presidnt you wk for has done. >> i will just say is we can agree on the basic economics but i think professor taylor has his history a little backward on that. in the 1990s bill clinton raised exactly the high income tax rates that barack obama wants to return the rates to. and the 2000s which he did not mention when george bush followed the policies very similar to what mitt romney is proposing, they brief last word on that? >> well, i think as we are talking about four years what is going to happen the next four years. that say time where a president can make a tremendous difference. and we're talking about the past four years. and the president could have made auch betr policy with the unemployment being so high. >> brown: all right, john taylor and austan goolsbee, thanks so much. >> thank you >> brown: and if you're ready for more analysis on the jobs numbers, you'll find it, as always, on paul solman's "making sense" page online. >> woodruff: still to
applying basic economie economies-- economics we could do a lot better. >> brown: austan goolsbee, dow want to comment on what the presidnt you wk for has done. >> i will just say is we can agree on the basic economics but i think professor taylor has his history a little backward on that. in the 1990s bill clinton raised exactly the high income tax rates that barack obama wants to return the rates to. and the 2000s which he did not mention when george bush followed the policies...
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Nov 3, 2012
11/12
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applying basic economie economies-- economics we could do a lot better. >> brown: austan goolsbee, dow want to comment on what the president you work for has done. >> i will just say is we can agree on the basic economics but i think professor taylor has his history a little backward on that. in the 1990s bill clinton raised exactly the high income tax rates that barack obama wants to return the rates to. and the 2000s which he did not mention when george bush followed the policies very similar to what mitt romney is proposing, theyic if one or e other is elected. >> right. you know, i was in the white house for a while and i used to joke, i crawled all around in the basement, i have yet to find that switch down there that you just flip it and then everything gets better. i think 90 plus percent of what happens in a growing economy has nothing to do with washington. what the president and what washington in general can do is try to set the stage and set a groundwork for policy at could encourage growth. and i think the shorter term that you are thinking about, the less can be done spec
applying basic economie economies-- economics we could do a lot better. >> brown: austan goolsbee, dow want to comment on what the president you work for has done. >> i will just say is we can agree on the basic economics but i think professor taylor has his history a little backward on that. in the 1990s bill clinton raised exactly the high income tax rates that barack obama wants to return the rates to. and the 2000s which he did not mention when george bush followed the policies...
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. >> it is still all about the economy. >> we've made real progress. >> you've got this jobs report, the unemployment report. >> definitely a strong jobs report. >> stronger than expected. >> that's good. >> unemployment is higher today than when barack obama took office. >> he is about as hollow as the tin man. >> if we don't run candy crowley, romney will be the nominee and he'll lose. >>> we begin tonight with the latest on the recovery from the devastation of hurricane sandy. nbc news has now confirmed 94 deaths from the storm. more than half of those killed, 48 died in the state of new york. of that 48 in the state, 40 deaths occurred here in new york city. and of those 40 new york city deaths, more than half, 22, occurred in the borough that was the hardest hit. staten island. it's greater than every other state hit by the storm. in new jersey, 13 died. 11 people died in maryland. there were seven deaths in pennsylvania. west virginia lost six people, four people died in connecticut, in north carolina two died and one person died in puerto rico. speaking to reporters today on s
. >> it is still all about the economy. >> we've made real progress. >> you've got this jobs report, the unemployment report. >> definitely a strong jobs report. >> stronger than expected. >> that's good. >> unemployment is higher today than when barack obama took office. >> he is about as hollow as the tin man. >> if we don't run candy crowley, romney will be the nominee and he'll lose. >>> we begin tonight with the latest on the...
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Nov 4, 2012
11/12
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i it's not say we should knock down buildings in a hurricane to stimulate the economy. there are more constructive ways, but that will happen over the next two years. >> so as new york rebuilds, as new jersey rebuilds, perhaps a meager silver lining, dr., thank you very much. ladies and gentlemen, that's all we have time for on this cold and mel mel mel lan kole -- meln collie but in a way inspiring night. the compassion and commitment of the volunteers should warm every heart. these folks are not republicans and democrats, not government employee, not first responders. they're americans and i thank you. i thank them and i thank you all for watching. thank you for caring. i'm geraldo, good night captioned by closed captioning services inc.
i it's not say we should knock down buildings in a hurricane to stimulate the economy. there are more constructive ways, but that will happen over the next two years. >> so as new york rebuilds, as new jersey rebuilds, perhaps a meager silver lining, dr., thank you very much. ladies and gentlemen, that's all we have time for on this cold and mel mel mel lan kole -- meln collie but in a way inspiring night. the compassion and commitment of the volunteers should warm every heart. these...
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Nov 1, 2012
11/12
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councilman john olszewski: new jobs and a stronger economy. endorsed by the naacp, police and firefighters small business owner: good jobs... teacher: and better schools construction worker: vote for question seven. >>> welcome back to our special storm coverage. and from here in toms river, new jersey, we're going to take you back to new york city, where actually, the full extent of the ruin caused bid sandy by sandy w coming into focus. let's go to abc's dan harris, our colleague, who is in staten island tonight. dan? >> reporter: good evening to you from in front of what remains of a neighborhood restaurant here. the people in this area say they were hit by a sort of tsunami. in my ways, it was a secret tsunami, because the vast majority of the media attention has really focused on the jersey shore and lower manhattan. so, today, we decided to travel to staten island to see for ourselves this hidden pocket of utter devastation. we woke up this morning to alarming images out of staten island. people being plucked off their roovs two days aft
councilman john olszewski: new jobs and a stronger economy. endorsed by the naacp, police and firefighters small business owner: good jobs... teacher: and better schools construction worker: vote for question seven. >>> welcome back to our special storm coverage. and from here in toms river, new jersey, we're going to take you back to new york city, where actually, the full extent of the ruin caused bid sandy by sandy w coming into focus. let's go to abc's dan harris, our colleague,...
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publishers in a world where increasingly moving rapidly towards ebooks and the economy of ebooks is much more attractive no paper cost no printing, no contribution cost, no returns. >> no returns. >> huge advance, so at what point do publishers say hey, i have-- it's crazy to me economically to be publishings and printing booksing printing books, not publishing ebooks that is such a good point because in most other countries there were no hard bound booksment we did hard cover to help our p & l, our profit and loss statement. i do think that the hard cover book will start to diminish in quantity, yes. i don't believe that the publisher, that a true publisher will ever give up on printing physical books. >> i disagree with that. >> but, well, but i will talk to you about that. because i think that there will always be a want and a need for a certain group of society to have the printed book. and perhaps the printed book will become even more expensive and more valuable because it will be printed better and it will be done on better paper, et cetera. but i think the point of marketing is w
publishers in a world where increasingly moving rapidly towards ebooks and the economy of ebooks is much more attractive no paper cost no printing, no contribution cost, no returns. >> no returns. >> huge advance, so at what point do publishers say hey, i have-- it's crazy to me economically to be publishings and printing booksing printing books, not publishing ebooks that is such a good point because in most other countries there were no hard bound booksment we did hard cover to...
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they are issues that are a luxury any good economy. we don't have a good economy. so for every american not just women and not just men because bu these are all issues. jobs and economy, the deficit and debt, i think that is what women are responding to. this effects everybody. it affects my father and everybody around me. it effects me. we right now have the highest level among women in the last 17 years. we have about a million fewer women than when barack obama became president. those are serious issues that resonated much more strongly with most women. >> tom: i agree. i agree that the high number of poverty, absolutely when they are paying attention to that and they understand that if it wasn't for president obama, that without the policies that he supported making sure that we continued the payroll tax cut. making sure that unemployment benefits were extended, making sure that they had access to opportunity and resources if they were out of a job, people would be going hungry. >> tom: you have to acknowledge, you have to acknowledge -- there are women out the
they are issues that are a luxury any good economy. we don't have a good economy. so for every american not just women and not just men because bu these are all issues. jobs and economy, the deficit and debt, i think that is what women are responding to. this effects everybody. it affects my father and everybody around me. it effects me. we right now have the highest level among women in the last 17 years. we have about a million fewer women than when barack obama became president. those are...
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if it's bad news, it could throw the debate right back to jobs and the economy which is mitt romney's strong point in this election as it runs to its conclusion. >> well, it doesn't seem that the news is going to be all that bad even if it is bad because the aap numbers indicated that there were more -- there was more hiring. obviously the trajectory has been good, both on the political side with the polls as well as on the economy. you have the stock market rebounding, you've got manufacturing now at a 15-year high. the numbers out of the manufacturing sector are very good. so much of that attributable to the saving of the auto industry. so i think the momentum clearly is on the president's side and i think a lot of the early voting numbers that we are seeing where the president has a huge advantage in many of these swing states, if not all of them, attributable again to his ground game, i think that the numbers are getting to be baked in a bit. >> they are. the one thing that stood out to me is the washington post abc poll, 48.56% obama, 48.49 romney. i mean, literally, negligible a
if it's bad news, it could throw the debate right back to jobs and the economy which is mitt romney's strong point in this election as it runs to its conclusion. >> well, it doesn't seem that the news is going to be all that bad even if it is bad because the aap numbers indicated that there were more -- there was more hiring. obviously the trajectory has been good, both on the political side with the polls as well as on the economy. you have the stock market rebounding, you've got...
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he's talking about bill clinton and what bill clinton's role was in doing kind of the right by the economy. and now talking about himself, barack obama, president obama as a leader who unites people. brings people together. and is now going back to the message of change from 2008, saying not talking about changing washington, but bringing americans' voices into washington and talking about himself as a unifier, clearly a mantle he is picking up in the wake of his leadership role in the role he's taken after superstorm sandy. >> it's amazing. the twist and turns this race has taken, i guess every presidential race does in the final days. a new polling out from colorado, still a very tight race there. what does it mean for next tuesday? what do the number show? >> the numbers in colorado show 50-48 for the president. that's a statistical tie. this is a state that is going down right to the very end. you can tell that when you're here. the early voting. this is one of the places republicans have even a slight advantage. that's not the case in any of the other voting states. if you look at col
he's talking about bill clinton and what bill clinton's role was in doing kind of the right by the economy. and now talking about himself, barack obama, president obama as a leader who unites people. brings people together. and is now going back to the message of change from 2008, saying not talking about changing washington, but bringing americans' voices into washington and talking about himself as a unifier, clearly a mantle he is picking up in the wake of his leadership role in the role...
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the question is, is the economy poised for a takeover or not? nobody would look at this picture and say this proves what happened over the last four years has been wildly successful. the question is what are we poised for over the next few years, the next few months even. it is a long climb back to anyone's estimation. more about what is coming as opposed to what has happened in the past and that is what the argument is about in politics, what is coming next. you want four more years of this job growth, stick with the guy you have got. they say we are poised for takeoff. dennis: thank you very much. cheryl: more breaking news into fox business. his view of new york city mayor bloomberg touring the damage from super storm sandy in brooklyn, looking at this point that's not what is happening talking to residents who expect to hear from bloomberg at the bottom of the hour, we expect to have a news conference to get an update on this situation here in new york city. lines that stretched for miles, tempers flaring and new reports of gasoline rationin
the question is, is the economy poised for a takeover or not? nobody would look at this picture and say this proves what happened over the last four years has been wildly successful. the question is what are we poised for over the next few years, the next few months even. it is a long climb back to anyone's estimation. more about what is coming as opposed to what has happened in the past and that is what the argument is about in politics, what is coming next. you want four more years of this...
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. energy is being produced to power our lives. while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her...
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it still shows that the economy is sluggish. we have never, i think in the past four years that the recession, we have never really grown over 3%. it has always been a low 3%. we need to grow up four or 5%. >> i would love to see that. when i look at the 12 month average, it is both 162,000. today's number 171,000. statistically indistinguishable from the trend. this is not a significant acceleration in job growth. david: by the way, does this mean we will see another qe? the federal reserve is already buying a lot of bonds. >> i think the market came way of of consensus, the market took down gold on the idea there maybe will not be a qe4. baby at that end of the year they do not add treasury purchases onto the current qe3. i think it is so closely tied thought their policy is qe3 to improve the labor market. we have seen comments from fed speakers that the unemployment rate should be closer to maybe 7% from where we are now. to get there, even at the current pace, that will be another 12-18 months of bond buying. liz: it has be
it still shows that the economy is sluggish. we have never, i think in the past four years that the recession, we have never really grown over 3%. it has always been a low 3%. we need to grow up four or 5%. >> i would love to see that. when i look at the 12 month average, it is both 162,000. today's number 171,000. statistically indistinguishable from the trend. this is not a significant acceleration in job growth. david: by the way, does this mean we will see another qe? the federal...
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Oct 31, 2012
10/12
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what does it mean for the overall economy. >> it is pretty frightening. you couple this with the notion of fiscal cliffs. the last couple weeks the stock market is getting hammered in part because the economy we talked about 1.3 percent in the second quarter. first reading for the third quarter i think most people expect that number will be lower. we are talking about an economy already skimming the surface we dealt with a recession for a long time. we barely made it above that. but this hurricane sandy i think we will hear more about it from a political point of view as we get toward the fiscal cliff and a major decision is made in washington. >> even though people are buying stuff at home depot. >> i think the offset maybe we will get 35 billion in help with respect to rebuilding and i wouldn't be surprised if the overall damage is 70 billion when we add up all of this. >> hurricane katrina was $108 billion. >> charles payne from the fox business network. always love having you on. >>> the jersey shore taking a direct hit and it will be day brothers we
what does it mean for the overall economy. >> it is pretty frightening. you couple this with the notion of fiscal cliffs. the last couple weeks the stock market is getting hammered in part because the economy we talked about 1.3 percent in the second quarter. first reading for the third quarter i think most people expect that number will be lower. we are talking about an economy already skimming the surface we dealt with a recession for a long time. we barely made it above that. but this...
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Nov 4, 2012
11/12
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i it's not say we should knock down buildings in a hurricane to stimulate the economy. there are more constructive ways, but that will happen over the next two years. >> so as new york rebuilds, as new jersey rebuilds, perhaps a meager silver lining, dr., thank you very much. ladies and gentlemen, that's all we have time for on this cold and mel mel mel lan kole -- meln collie but in a way inspiring night. the compassion and commitment of the volunteers should warm every heart. these folks are not republicans and democrats, not government employee, not first responders. they're americans and i thank you. i thank them and i thank you all for watching. thank you for caring. i'm geraldo, good night captioned by closed captioning services inc. where others fail, droid powers through. introducing the new droid razr maxx hd by motorola. now more than ever droid does.
i it's not say we should knock down buildings in a hurricane to stimulate the economy. there are more constructive ways, but that will happen over the next two years. >> so as new york rebuilds, as new jersey rebuilds, perhaps a meager silver lining, dr., thank you very much. ladies and gentlemen, that's all we have time for on this cold and mel mel mel lan kole -- meln collie but in a way inspiring night. the compassion and commitment of the volunteers should warm every heart. these...
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Nov 4, 2012
11/12
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the new york city economy is not functioning nor are is the broader area. people aren't earning a living. lost income. we are really talking about quite a big toll right now. we are probably talking aboutto something, you know, close to b $70 billion, $80 billion. not as big ats katrina but getting in that league. >> geraldo: so if it is in that range, professor, you areprof suggesting this is one of the most expensive storms inms american history? >> yeah. biggest.t the however, look at where it hit. right smack into the financiala center. i'm a native new yorker and well familiar with long beach and rockaway beach, long island, the shoreline of newey jersey, spending summers there. and those places are vulnerablu to this kind of storm and they are not really built for it so we are seeing communities come fleetly devastated and it will be a long process of rebuilding. >> geraldo: is there an economic stimulus impact from, that activity, the rebuilding? >> absolutely. it is kind of paradoxical. although we are are poorer because we lost all thisst property
the new york city economy is not functioning nor are is the broader area. people aren't earning a living. lost income. we are really talking about quite a big toll right now. we are probably talking aboutto something, you know, close to b $70 billion, $80 billion. not as big ats katrina but getting in that league. >> geraldo: so if it is in that range, professor, you areprof suggesting this is one of the most expensive storms inms american history? >> yeah. biggest.t the however,...
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. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. >>> tonight, some residents of new jersey's barrier islands are seeing what's left of their homes and what they find could be heartbreaking. this is a picture of the jersey shore before hurricane sandy, then after the storm ravaged the community. michael holmes is live in toms river, new jersey. michael. >> reporter: yeah, erin, that whole area has been battered so badly. we've been out there twice in two days. we've seen house in the middle of the street. gas lines that are just now being brought under control and one of the worst hit areas we got to today, an area familiar to many viewers. that whole new jersey boardwalk area. those entertainment piers. of all the damage brought by sandy, these images are among the those that stand out the most. take a look at before and then the heartbreaking after. this is the casino pier and amusement park in seaside heights. three quarters century old. to television viewers who watched "the sopranos" or the jersey shore or listen to bruce s
. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. >>> tonight, some residents of new jersey's barrier islands are seeing what's left of their homes and what they find could be heartbreaking. this is a picture of the jersey shore before hurricane sandy, then after the storm ravaged the community. michael holmes is live in toms river, new jersey. michael. >> reporter: yeah, erin, that whole area has been battered so badly. we've...
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joining me now, hitha prabhakar a retail and economy analyst. good morning. >> good morning, alex. >> let's talk about yesterday's jobs numbers which were better than expected. can you break it down? >> jobs, about 171,000 jobs were added to the job pool. and that actually bumps the numbers up from 7.8% to 7.9%. the reason why there, they're jobs that were added, but really, there were more people in the pool that were applying for work that didn't end up going in to and actually getting work. so that's why we're seeing that bump up in that jobs number. >> okay. you know the numbers i'm hearing as a result of hurricane sandy, the costs, are just astronomic. can you break that down? >> in the beginning they were estimating that the storm was going to cost around $20 billion. now they're saying it's going to be between $30 billion to $50 billion. and one of the reasons why is because of all the electrical problems, and all the road closures. people can't get to -- get to businesses, they can't get to work. they can't get supplies. so that's really
joining me now, hitha prabhakar a retail and economy analyst. good morning. >> good morning, alex. >> let's talk about yesterday's jobs numbers which were better than expected. can you break it down? >> jobs, about 171,000 jobs were added to the job pool. and that actually bumps the numbers up from 7.8% to 7.9%. the reason why there, they're jobs that were added, but really, there were more people in the pool that were applying for work that didn't end up going in to and...
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Nov 2, 2012
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he has not met on the economy or the budget or on jobs. with neither of the republican leader of house or senate since july. >> the president and governor romney reacting to the october jobs report. 171,000 jobs. the u-#, the broader, under employment rate if you will is 14.6. that is what it has been. then if you look at the adjusted unemployment rate, this is the unemployment rate is the labor force was equal to what it was in january of 2009. what about this and how it plays to the race? bill kristol of "weekly standard." kirsten powers for daily beast. and syndicated columnist charles krauthammer. charles? >> these are the numbers you get when you have a stagnant economy. stagnant unemployment. if you keep up with the numbers of jobs added, barely enough to keep up with the increase in population. unemployment takes up. people's perception of the economy have been fixed. unchanged for at least six months. so i think it has zero effect on the economy. on the election, i mean. in terms of the people who vote on the economy. so i think it
he has not met on the economy or the budget or on jobs. with neither of the republican leader of house or senate since july. >> the president and governor romney reacting to the october jobs report. 171,000 jobs. the u-#, the broader, under employment rate if you will is 14.6. that is what it has been. then if you look at the adjusted unemployment rate, this is the unemployment rate is the labor force was equal to what it was in january of 2009. what about this and how it plays to the...
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better than 170,000 jobs added to the economy. unemployment rate at 7.9%. back with us is jack welch who might quibble with that rate in and about the last time, but still don't necessarily buy these numbers. >> neil, look, the real unemployment rate, if you take the last ten years prior to the 2009 recession, the 10-year average of let's call it the participation rate, how many people are working temporarily, full-time, and you take that number and take the ten year average and ran it now, work for us, you would have an unemployment rate close to 11% and that's what the real unemployment rate that people are feeling out there, not discouraged workers walked away all that stuff, but that's the real rate. now, this number of 7.8, that popped in the other day just didn't make any sense, i mean, you had a number that suddenly had more people added since ronald reagan's biggest month in june of '83 in september. that didn't-- >> so, apparently you were questioning the math? >> i was question the methodology, to go out. >> neil: gotcha
better than 170,000 jobs added to the economy. unemployment rate at 7.9%. back with us is jack welch who might quibble with that rate in and about the last time, but still don't necessarily buy these numbers. >> neil, look, the real unemployment rate, if you take the last ten years prior to the 2009 recession, the 10-year average of let's call it the participation rate, how many people are working temporarily, full-time, and you take that number and take the ten year average and ran it...
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from the next economy, to the next generation, we help get... the most out of business, by getting the best out of people. shrm. leading people, leading organizations. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ . >>> we start the second half of our show on stories we care about. where we focus on our own reporting. the crane that overturned high above manhattan is a little closer to being tied down tonight. it was being used to construct the tallest residential building in manhattan. today, michael bloomberg announced that inspections of the crane are complete. the construction manager tells us the department of buildings is reviewing the plans to secure it. the area is still closed. public transportation in new york city is starting to come back. some subway lines and amtrak are going to run on a s
from the next economy, to the next generation, we help get... the most out of business, by getting the best out of people. shrm. leading people, leading organizations. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours....
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Oct 28, 2012
10/12
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CNN
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the des moines register has chosen romney because they say it's all about the economy. it marks the first time in 40 years that the newspaper has backed a republican and the presidential general election. meanwhile, president obama has added the "new york times" to his endorsement column, the editorial page listed obama's achievement like saving the auto industry and health care reform as reasons for the endorsement. it he has not backed a republican since dwight eisenhower. >> ohio considered quite the price that could win either condition dat at the house. >> obama is scheduled to leave washington, he's not scheduled to leave washington today in fact he's staying close to the white house because of this storm. >> in newest poll in the state of ohio says mitt romney may have condition to be concerned. as we have said, it's a close rate there, we have asked likely voters who their choice is for president. barack obama has a 50%, a 46% margin over mitt romney -- they both have spent several days in the buckeye state and have more on the calendar. >>> critical information
the des moines register has chosen romney because they say it's all about the economy. it marks the first time in 40 years that the newspaper has backed a republican and the presidential general election. meanwhile, president obama has added the "new york times" to his endorsement column, the editorial page listed obama's achievement like saving the auto industry and health care reform as reasons for the endorsement. it he has not backed a republican since dwight eisenhower. >>...